Cairo - Mubasher: Port Said Agricultural Development said its board of directors has approved a proposal from El Shaimaa for Exporting & Importing Co. to operate the plastic production line.

The move aims to boost the efficiency of this production line, said the company in a bourse statement earlier.

The company reported earlier, net losses of EGP 95,800 for the first half of 2014 against net profits of EGP 24,100 for the same period of the previous year.